Selling My House for Cash in Houston – Is It For Me?
Should you take a cash offer for your Houston house?
I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no.
When Is Selling My House for Cash in Houston A Good Move?
If you’re selling a property in Houston to an end buyer (the person living in the home), chances are good it won’t be bought with cash.
Most transactions close with a bank loan, because most buyers don’t have the funds.
This isn’t news.
Even most investors don’t close transactions with cash. It’s easy to let a bank share the risk, even if you have the money – most investors spread themselves too thin.
At Houston Westside Home Buyers we don’t spread ourselves too thin, because our primary goal is to build stable communities around Houston.
In most cases, we’ll pay cash for your Houston Texas property.
Realtors Are Compensated For Results
Most sellers are not even aware that there is another way to sell their house – so they call a local realtor, which is the default setting. For most this is the best way to go. The house gets listed, and gets more exposure to more potential buyers right away.
However, realtors like a pretty clean house. They are compensated for results. Nobody pays them for showing up and spending time on the daily activities related to getting your house ready to show. They are going to gauge YOU and your commitment to cleaning it, updating it and fixing minor deficiencies as much as they are going to gauge your house. Sure, if the house isn’t in ideal shape, and not exactly spotless, they will still list it, but they will encourage you to price it accordingly, and they will not spend a great deal of time promoting it.
If they are a good realtor, they will know enough local investors to call so that they can move it for the right price.
So essentially, in this case, you are paying a realtor a commission to do what you could do yourself for free – call an investor and negotiate a cash price. I’ll let you think about that for a minute.
Hope is Not A Management Strategy
There are sellers that just agree to list their house as-is and wait to see what happens. They hope it sells. They hope that a very handy, qualified end-buyer is going to walk in the front door, and fall in love with the place, and see all the potential there – given some updates and some improvements here and there.
If you have the time, you can go this route, but just understand that hope is not a viable management strategy. In fact, the longer that house sits on the market, the more potential buyers are going to expect you to negotiate on your selling price, and the more holding costs you incur. So sure, sooner
The Benefits Of An All Cash Sale Of Your House
The benefits of a cash sale are real:
- money fast
- when you need it most
You don’t have to deal with the hassles of waiting months for a buyer to get a mortgage, only to be told that the lender eliminated the program and you’re back to square one.
You don’t have to list your house with a real estate agent and pay a huge commission.
You don’t have to deal with a lot of people just “kicking the tires” and checking out your property for fun. We don’t waste your time. This is our business.
You don’t need to paint, make repairs, or even clean up. We take properties just as they are. You won’t waste money on junk haulers or contractors.
You don’t need to deal with any paperwork. We have it all covered.
Working With A Reputable Houston House Buyer / Investor
Always make sure that your cash buyer is reputable. At Houston Westside Home Buyers, we offer great references of past sellers we’ve helped, we can show you examples of some of the latest projects we’ve worked on, and we’ll be happy to answer any questions you have so you feel comfortable.
We pride ourselves on being a strong part of the local community. Our local mission is to help local Houston homeowners who need to sell your Houston house fast do it quickly, at a price fair to you, and to help improve the beauty of neighborhoods one house at a time.
If you’re wondering about selling your house for cash in Houston or just need to sell a property in Harris County or the general area, we can help you.
We buy properties like yours from people who need to sell fast.